Wednesday, March 11, 2020 - 10:01am

Auto Remarketing Staff

Next up on our series of podcasts from NADA Show 2020 last month in Las Vegas, ACV Auctions chief executive officer George Chamoun reflects on his first trip to the annual NADA convention three years ago and the company's growth since then. Plus, Chamoun discusses the tech ACV plans on building this year, how it... Read More

Tuesday, March 10, 2020 - 2:43pm

Auto Remarketing Staff

  AAA reported on Monday that the nationwide average price for a gallon of gas stood at $2.38 with some locations like Texas, Oklahoma and Mississippi approaching the $2 mark. That’s the lowest cost at the pump in more than a year, according to AAA. As a result, Black Book is seeing values for fuel-efficient... Read More

Tuesday, March 10, 2020 - 2:31pm

Auto Remarketing Staff

  The Manheim Used Vehicle Value Index literally is on a record-breaking start to the year. Cox Automotive reported wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.35% month-over-month in February. This movement pushed the index up by 6.2% from a year earlier, leaving the... Read More

Tuesday, March 10, 2020 - 12:00pm

Joe Overby, Senior Editor

After an admittedly challenging 2019 for its TradeRev business unit, KAR Global outlined several adjustments to its approach for that digital dealer-to-dealer auction property in an earnings call last month. Among those adjustments: changing the go-to-market strategy for TradeRev, blending the TradeRev and ADESA... Read More

Tuesday, March 10, 2020 - 9:49am

Auto Remarketing Staff

Two more Manheim locations are now 100% digital, the auction company announced Tuesday morning. Less than a year after Manheim Tucson became the first to use this format, the company has converted Manheim Flint and Manheim Houston to all digital. Through this format, cars are parked in designated spots and sold to... Read More

Monday, March 9, 2020 - 4:23pm

Joe Overby, Senior Editor

  When you think of a digital versus brick-and-mortar business model, consider Amazon and Walmart. While pieces of their operations may lean more heavily either direction, neither is completely physical nor completely digital. Peter Kelly, who is president of KAR Global, uses that analogy to illustrate the operations... Read More

Friday, March 6, 2020 - 4:35pm

Joe Overby, Senior Editor

In the aftermath of the storms that hit Tennessee early Tuesday, Manheim provided an update Friday afternoon on its Nashville-area location. Manheim Nashville is still closed, but it has accounted for all 619 of the auction’s employees, the company said. “With several buildings on our property severely... Read More

Friday, March 6, 2020 - 3:18pm

Joe Overby , Senior Editor

In response to the COVID-19 coronavirus, Manheim is requesting that employees avoid international business travel through the end of the month, while limiting domestic business travel and large group meetings in the same time frame. That’s according to a statement provided by the auction company on Friday, which... Read More